Wed.Mar 31, 2021

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Judge Certifies Class in FDCPA Suit

Account Recovery

A District Court judge in California has certified a class in a case accusing a company that performs billing and collection services for a car rental company of violating the Fair Debt Collection Practices Act by sending letters from the billing arm of the company without the mini-Miranda notice. A copy of the ruling in … The post Judge Certifies Class in FDCPA Suit appeared first on AccountsRecovery.net.

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4 ways compassion improves dental debt collections

American Profit Recovery

Let’s face it, most of us do not enjoy a trip to the dentist. The anxiety experienced can sometimes be greater than other medical visits. If you are a dental professional, you know this part of the business all too well. When seeing patients, part of your job is to put them at ease while they are in your office. The better equipped you and your staff are to help your patients relax and accommodate them, the more profitable your practice can become.

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Answering Credit Reporting Questions About COVID-19, Audits, Data Reliability

Account Recovery

The COVID-19 pandemic has definitely made credit reporting a lot more complicated for companies that furnish data to credit reporting agencies. Noting whether an account is current or not, if a collection moratorium has been put in place, or using the right condition codes when furnishing information has all become more convoluted. Understanding what is … The post Answering Credit Reporting Questions About COVID-19, Audits, Data Reliability appeared first on AccountsRecovery.net.

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Preparing Finances for a Pandemic-Era Mortgage

Credit Corp

The following is a guest post by Alene Laney, of Pennies to Paradise. Tighter lending requirements mean it’s more important than ever for homebuyers to get their finances in order. Those that do will be rewarded with great mortgage rates, lower payments, and a home that provides comfort and security for years to come. Lenders Are Worried about Delinquency.

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From Complexity to Clarity: Strategies for Effective Compliance and Security Measures

Speaker: Erika R. Bales, Esq.

When we talk about “compliance and security," most companies want to ensure that steps are being taken to protect what they value most – people, data, real or personal property, intellectual property, digital assets, or any other number of other things - and it’s more important than ever that safeguards are in place. Let’s step back and focus on the idea that no matter how complicated the compliance and security regime, it should be able to be distilled down to a checklist.

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Daily Digest – March 31. Answering Credit Reporting Questions About COVID-19; Judge Certifies Class in FDCPA Suit

Account Recovery

ANSWERING CREDIT REPORTING QUESTIONS ABOUT COVID-19, AUDITS, DATA RELIABILITY The COVID-19 pandemic has definitely made credit reporting a lot more complicated for companies that furnish data to credit reporting agencies. Noting whether an account is current or not, if a collection moratorium has been put in place, or using the right condition codes when furnishing … The post Daily Digest – March 31.

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Ed. Dept. Expands Moratorium on Collection of Defaulted Student Loans

Account Recovery

A day after it announced it was canceling the student loan debt for 230,000 individuals with student loan debt who had become permanently disabled during the COVID-19 pandemic, the Department of Education yesterday announced it was expanding a moratorium on federal student loan interest and collections on all defaulted loans under the Federal Family Education … The post Ed.

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5 Ways Invoice Financing Can Boost Cash Flow

Debtor Daddy

It’s no secret that long payment terms cause serious headaches for business owners, and in recent times small businesses need cash flow support more than ever. A recent report by Xero found that over half of SMEs in Australia and New Zealand cited getting paid on time and cash flow difficulties as their top financial challenges. Making it hard to pay bills, hire staff, buy inventory and grow stress-free.

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Judge Denies Plaintiff’s Motion for Partial Judgment in FDCPA Letter Case

Account Recovery

Would a least sophisticated consumer understand — when reading a collection letter related to the collection of a deficiency balance on her car loan — that the debt is a “consumer debt” as defined by the Fair Debt Collection Practices Act? A District Court judge in Arizona thinks the answer to the question is yes … The post Judge Denies Plaintiff’s Motion for Partial Judgment in FDCPA Letter Case appeared first on AccountsRecovery.net.

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Come to My Money Party Tonight

Dear Debt

If you’re like me, your brain can’t even fathom how it’s the end of Q1 of 2021. Where has the year gone? What have I done? It seems I’ve gone… Related Posts: Dear Debt, I Need Something Else. Shop. Lola LA Brunch + Retreat. 13 Ways You Can Make Money. Resources for Taking Care of Your Mental Health and Wealth. The post Come to My Money Party Tonight appeared first on DEAR DEBT.

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When It Comes to Collections Software, “Good Enough” Isn’t Good Enough

Are you finding some snags in your collections process? With delinquencies, and the number of consumers looking for payment assistance on the rise, it may be time to consider an efficient cloud-based software to support your team. Learn how MeridianLink® Collect has helped financial institutions like yours streamline collections processes.

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How the 2022 Delta Medallion Status Accelerator Works

Nerd Wallet

Change is in the air as Delta has recently announced a slew of new options to its onboard service, unveiled new travel tools and confirmed that it would stop blocking middle seats as of May 1. However, Delta elites are likely most interested in Delta’s new Medallion elite status initiatives. And, there’s a lot to. JT Genter writes for NerdWallet. Email: travel@nerdwallet.com.

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The Case for Ongoing Cash Assistance

Prosperity Now

Around this time last year, the United States and the rest of the world experienced a once-in a-century phenomenon --

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Aspiration Launches ‘Zero’ Credit Card Aimed at Curbing Carbon Footprint

Nerd Wallet

The new Aspiration Zero credit card is the latest offering from Aspiration, a financial services provider with products geared toward socially and environmentally conscious consumers. Launched in late March 2021, the Aspiration Zero credit card offers cash-back rewards, but its main benefit is allowing cardholders to offset their carbon footprint by turning every purchase into.

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Boeing Creates Complex COVID-19 Nurse Schedule in a Week

Fico Collections

A Race Against Time To Save Lives. Boeing’s market leading Jeppesen digital aviation software solved a crucial nurse scheduling problem for the intensive care unit (ICU) for Karolinska University Hospital in Stockholm, Sweden’s second largest hospital, at the start of the COVID-19 pandemic. Using Jeppesen Crew Rostering, which employs FICO® Xpress Optimization , Boeing created rosters for over 300 nurses and healthcare workers during the peak period, resulting in more workable shifts for staff a

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ERM Program Fundamentals for Success in the Banking Industry

Speaker: William Hord, Senior VP of Risk & Professional Services

Enterprise Risk Management (ERM) is critical for industry growth in today’s fast-paced and ever-changing risk landscape. When building your ERM program foundation, you need to answer questions like: Do we have robust board and management support? Do we understand and articulate our bank’s risk appetite and how that impacts our business units? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk?

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Navy Federal Business Checking: 2021 Review

Nerd Wallet

Navy Federal Credit Union offers three business checking accounts: Business Checking, Business Plus Checking and Business Premium Checking. All three of these business accounts earn interest, include unlimited fee-free electronic transactions and place no cap on the amount of cash you can deposit for free per month (though individual ATMs may limit the number of.

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Dodgy Company Directors disqualified by Insolvency service

UK debt collections

Two rogue property directors who abused millions of investor funds and a scaffolder who disposed of assets prior to bankruptcy have been banned by the Insolvency Service. Sanjiv Varma (57) and Jonathan England (48), both directors of property firm Grosvenor Property Developers Ltd , were banned for a total of 25 years after abusing £7.7 million taken from investors for student accommodation never completed.

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Charles Schwab Business Checking Alternatives

Nerd Wallet

Charles Schwab does not have business checking accounts. The bank offers other small-business products, including a business brokerage account, plus personal checking and savings accounts. NerdWallet recommends keeping personal and business accounts separate. But if you like Charles Schwab’s personal checking, the following business checking accounts have some similarities.

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Debt Consolidation – Why it Might Work for You

JMA

Do you have so many bills to pay that you can’t keep up anymore? Do all of the different due dates cause you to forget to make your payment on time? Debts can affect the way you spend and save so it is important to deal with them as soon as possible. A way that. Read more » The post Debt Consolidation – Why it Might Work for You appeared first on JMA Credit Control.

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You Put in a Full Work Week. Shouldn’t Your Collections Software Do the Same?

Discover a modern, cloud-based collection system that never takes a rest day. MeridianLink® Collect is an intuitive platform with advanced customization options developed to simplify the collections process. Here are four ways MeridianLink Collect can support your team: Omnichannel communications Compliance rules & checklists Workflows & queues One interface with supporting integrations And that’s just the start.

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How to Find a Financial Advisor Near You

Nerd Wallet

If you search “financial advisors near me,” you’ll likely end up with a long list of financial advisory firms in your area. You’ll want to select several to call and vet, perhaps setting up an initial consultation to ensure the firm meets your financial planning needs and that it has expertise in the areas where. Alana Benson writes for NerdWallet. Email: abenson@nerdwallet.com.

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The Collecting Commercial Debt Habit That Could Save you £1,000s

Taurus Collect

For this month’s main article, we thought we would try something different. We asked a question on LinkedIn. When considering collecting commercial debt, what is the number 1 excuse you hear for people not paying on time? The results were surprising in some aspects (the fact that 2,388 read the poll, and were clearly interested in the results), but also the simplicity of the problem that over half of business owners said was the main reason for non-payment.

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5 Loan Apps in 2021: Paycheck Advances and Overdraft Protection

Nerd Wallet

Loan apps like Earnin, Dave and Brigit let you borrow a small amount from your next paycheck before you receive it. This quick fix may be helpful if you need cash in an emergency, but be sure you don’t have cheaper options before you borrow from an app. Unlike other borrowing options such as credit. Annie Millerbernd writes for NerdWallet. Email: amillerbernd@nerdwallet.com.

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2020 HMDA Data on Mortgage Lending Now Available

Consumer Finance

Today, the Home Mortgage Disclosure Act (HMDA) Modified Loan Application Register (LAR) data for 2020 were published on the Federal Financial Institutions Examination Council’s HMDA Platform for approximately 4,400 HMDA filers. The published data contain loan-level information filed by financial institutions, modified to protect privacy.

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The Power of Storytelling in Risk Management

Speaker: Dr. Karen Hardy, CEO and Chief Risk Officer of Strategic Leadership Advisors LLC

Communication is a core component of a resilient organization's risk management framework. However, risk communication involves more than just reporting information and populating dashboards, and we may be limiting our skillset. Storytelling is the ability to express ideas and convey messages to others, including stakeholders. When done effectively, it can help interpret complex risk environments for leaders and inform their decision-making.

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Is Airline Elite Status Worth Considering in 2021?

Nerd Wallet

Airline elite status, which rewards frequent flyers with valuable perks, might be the furthest thing from many travelers’ radars. Many of us are still considering when — or whether — we will travel at all this year, never mind frequently. Yet, there are a few good reasons to keep elite status in mind as you. Sam Kemmis writes for NerdWallet. Email: skemmis@nerdwallet.com.

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Collections Communications: Multi-Channel vs. Omni-Channel

Fico Collections

The question of multi-channel vs. omni-channel communications may seem to be a matter of semantics. But in fact it's hugely significant, and never moreso than now, when the ending of furlough schemes, payment holidays and business support schemes will bring about a big increase in the volumes of customers facing financial vulnerability, while those needing to collect will also face significant regulatory scrutiny to ensure the fair and appropriate treatment of vulnerable customers.

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Progress Invoicing in QuickBooks Online: Step-by-Step Instructions

Nerd Wallet

If you’re using QuickBooks Online for your small-business accounting needs, you’ve likely successfully created invoices for your clients. However, sometimes one invoice at the end of a project isn’t the best way for you to be compensated for your work. In that case, QuickBooks progress invoicing may be the solution. This guide will explain the. Stacy Kildal writes for NerdWallet.

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FTC to Develop New Group Aimed at Antitrust and Deceptive Practices Rulemaking

Troutman Sanders

While the debate continues about whether the Federal Trade Commission (FTC) has the authority to make rules governing antitrust or competition law issues, on March 25, Acting FTC Chair Rebecca Kelly Slaughter announced the creation of a new group focused, in part, on new rules to prohibit unfair or deceptive practices and unfair methods of competition.

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

The experiences of every generation are characterized by their behaviors involving finances. Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. This entertaining and informative eBook will help your financial institution uncover the best practices when it comes to appealing to mass audiences.